Property, Rentals, Transactions

Property, Rentals, Transactions

Grubb & Ellis Apartment REIT Acquires Bella Ruscello Luxury Apartment Homes Near Dallas

DALLAS, TX - March 30, 2010 - (RealEstateRama) -- Grubb & Ellis Apartment REIT, Inc. today announced the acquisition of Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community in the Dallas suburb of Duncanville. The acquisition closed on March 24, 2010.

Behringer Harvard and Cinemark Holdings Announce Plan to Construct 12-Screen Theatre in North Texas...

DALLAS, March 25 /PRNewswire/ -- Behringer Harvard announced today that it has reached an agreement with Cinemark Holdings, Inc. to construct a 12-screen theatre at Frisco Square, a mixed use development in Frisco, an affluent suburb north of Dallas that is one of America's fastest-growing cities.

Congressman Al Green Helps Taxpayers File for Earned Income Tax Credit

EITC is a useful resource for low to moderate income working individuals and families Houston, TX - March 22, 2010 - (RealEstateRama) -- Today, Congressman Al Green (TX-09) sponsored and organized two town hall meetings to inform tax filers about the Earned Income Tax Credit, also known as EITC. Attendees met with Internal Revenue Service (IRS) representatives and tax preparation specialists who assisted them with filing their 2009 tax returns.

Grubb & Ellis Apartment REIT Enters Agreement to Acquire Bella Ruscello Luxury Apartment Homes...

DALLAS, TX - January 27, 2010 - (RealEstateRama) -- Grubb & Ellis Apartment REIT, Inc. today announced that it has entered into an agreement to acquire Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community located in the Dallas suburb of Duncanville.

State housing agency providing lift to East Austin’s affordable rental market

AUSTIN, TX - January 25, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) has announced a funding award to help finance the redevelopment of an existing affordable rental property in East Austin that will allow the apartment complex to continue to provide low income tenants with decent, affordable housing while providing a shot in the arm to the local economy.

Duke Energy Acquires First Commercial Solar Power Project

CHARLOTTE, N.C. - January 25, 2010 - (RealEstateRama) -- Duke Energy is adding solar power to its commercial renewable energy portfolio through the acquisition...

JPMorgan Chase Tower Awarded LEED Gold

HOUSTON, TX - January 4, 2010 - (RealEstateRama) -- The Houston office of Hines, the international real estate firm, announced today that JPMorgan Chase Tower has received Gold certification under the U.S. Green Building Council’s LEED® for Existing Buildings Rating System.

Grubb & Ellis Apartment REIT Signs Letter of Intent to Acquire Bella Ruscello Luxury...

DALLAS, TX - January 4, 2010 - (RealEstateRama) -- Grubb & Ellis Apartment REIT, Inc. today announced that it has signed a letter of intent to acquire Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community located in the Dallas suburb of Duncanville, Texas.

USAA Real Estate Company Acquires Broadstone Development in North Dallas

San Antonio, TX - December 23, 2009 - (RealEstateRama) -- On December 23, an affiliate of USAA Real Estate Company acquired Broadstone Parkway, a Class A urban fill mixed-use development comprised of 333 residential units and 39,167 square feet of ground floor commercial space located at 5005 Galleria Drive in North Dallas/Addison from Bank of America. The purchase price has not been disclosed.

Turner Awarded $130 Million Contract by Deloitte LLP to Provide Construction Services for 712,000...

New York, N.Y. - December 16, 2009 - (RealEstateRama) -- Turner Construction Company, the nation’s leading general builder, has been awarded a $130 million contract to provide construction services for the Deloitte University learning and leadership development center located in Westlake, Texas.

EBS acquired its 64th property with the closing of Advantage Storage in Plano, Texas

Dallas, TX - December 7, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that it has acquired Advantage Self Storage in Plano, Texas, located at 3900 McDermott Road.

Trammell Crow Company’s Lakeview Business Park Closes on Land Site Sale

Lufkin Automation buys 6.2 acres for future 40,000 SF headquarters. Houston, TX - November 16, 2009 - (RealEstateRama) -- November 16, 2009 - Lufkin Automation, a provider of engineered products and services to oil and gas producers, has purchased a 6.2 acre land site within Lakeview Business Park. This marks the first land sale closed in the newly developed business park, which is located Missouri City, Texas, in Fort Bend County.

Homeowner files class-action lawsuit against Texas’ KB Home

LOS ANGELES, CA - November 16, 2009 - (RealEstateRama) -- A Texas homeowner filed a class-action lawsuit today against KB Home (NYSE: KBH), Countrywide Financial and LandSafe Appraisal Services, claiming the three conspired to rig housing prices in Texas and Colorado, costing home purchasers millions of dollars and pushing homeowners into dangerous loans.

Texas Tower Limited Acquires JPMorgan Chase Center in Houston – Hines to Manage and...

HOUSTON, TX - November 9, 2009 - (RealEstateRama) -- Texas Tower Limited, owner of the 75-story JPMorgan Chase Tower, announced today the acquisition of the adjacent JPMorgan Chase Center in downtown Houston from JPMorgan Chase.

91 Unit Dallas Apartment Property Is Latest Acquisition For Texas Apartment Buyer Group

Austin, TX - November 3, 2009 - (RealEstateRama) -- based Anew Realty Group, LLC has purchased the 91-unit apartment property Highland Oaks at 2121 West Irving Boulevard in Irving, Texas. The purchase was facilitated by the Marcus & Millichap Dallas office.

Hotel Indigo Doubles in Texas with Two New Hotels in San Antonio

ATLANTA, TX - October 20, 2009 - (RealEstateRama) -- Hotel Indigo today announced the addition of two new properties in San Antonio to double the brand's presence in Texas.

CB RICHARD ELLIS HOTELS SELLS FULL SERVICE COLORADO HOTEL RADISSON DENVER NORTH – THORNTON,...

Houston, TX - October 7, 2009 - (RealEstateRama) -- The Radisson Denver North, Colorado, Texas has been sold. Lisa Hankamer of CB Richard Ellis' Hotels Group, announced that the sale of the 133-unit, interior corridor property occurred at the end of September 2009. The Hotel, which is a local landmark, has great visibility along I-25, just 10 minutes north of Downtown Denver and was sold free-and-clear of management and franchise affiliation. The new owners, Stone Castle Corporation, has over 20 year's experience operating hotels in the state of Colorado and have a proven track record for repositioning hotels within their respective market arenas. Approximately $6 million will be spent on upgrading the facility and rebranding. The group has a history operating under most of the major brands and has been quite successful in capturing a broader market base through their repositioning.

EBS acquired its 63rd property with the closing of Advantage Storage in Rockwall, Texas

Dallas, TX - September 17, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that they have purchased Advantage Storage in Rockwall, TX.

Dallas Welcomes Its Fifth Crowne Plaza Hotel

ATLANTA, GA - September 11, 2009 - (RealEstateRama) -- IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)], the world's largest hotel group by number of rooms, today announced the Crowne Plaza Dallas Downtown will open within a month. The conversion hotel has undergone a $14 million renovation from the Hampton Inn Dallas-West End-Convention Center.

US Industrial REIT II Announces Leasing Activity in Wilmer, Texas

Wilmer, TX - September 8, 2009 - (RealEstateRama) -- US Industrial REIT II, an affiliate of USAA Real Estate Company, recently leased 286,000 square feet within its I-45 Tradeport 1 distribution facility, located at 101 Sunridge Blvd. in Southeastern Dallas County, to an undisclosed tenant.

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Texas condominium sales up, townhome sales down during first half of...

Condominium sales in Texas’s major metro areas increased and townhome sales fell in the first half of 2016, according to the Texas Condominium Mid-Year Sales Report. Released today by the Texas Association of REALTORS®, the report shows that condominium sales in Texas’ four largest markets have seen increasing demand over townhomes and single-family homes among young professionals and retirees. This is the first time in the report’s history that condo and townhome statistics have been reported separately.

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Three New Laws That are Affecting You in 2018

Hundreds of laws get passed every year that can affect you as a Texas resident. These new laws can cause legal concerns and sprout confusing legal questions for both you and your families. Here are a few of the laws that began to take effect in 2018.